IPG Photonics
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IPG Photonics

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    • Manufacturing & Industrialfiber optichardwarelasersmanufacturing equipment

    IPG Photonics is a manufacturer of high-power fiber lasers, fiber amplifiers, hybrid fiber/solid-state lasers and diode lasers for use in a wide range of markets including materials processing, advanced technologies, telecommunications & medical applications. The Company manufactures fiber lasers operating at 0.5 – 5 microns. IPG’s 1um and 1.5um fiber lasers and amplifiers are particularly popular in single-frequency and linearly-polarized variants; providing products having the best available combination of performance, reliability, and price. IPG's newly developed 2-5 microns mid-IR lasers offer cost-effective solutions for sensing, spectroscopy, material processing & medical applications. 

    Revenue(FY, 2017)
    $1.4 B
    Market capitalization(2018-06-22)
    $12.6 B
    Backlog(FY, 2016)
    $413.9 M
    Type
    Public
    HQ
    Oxford, US
    Founded
    1990
    Size (employees)
    4,230 (est)
    Website
    ipgphotonics.com
    IPG Photonics was founded in 1990 and is headquartered in Oxford, US
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    Key People/Management at IPG Photonics

    Valentin Gapontsev

    Valentin Gapontsev

    Chief Executive Officer and Chairman of the Board
    Eugene Scherbakov

    Eugene Scherbakov

    Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
    Timothy Mammen

    Timothy Mammen

    Chief Financial Officer and Senior Vice President
    Igor Samartsev

    Igor Samartsev

    Chief Technology Officer of IPG, Deputy General Manager of NTO IRE-Polus and Director
    Angelo Lopresti

    Angelo Lopresti

    General Counsel, Secretary and Senior Vice President
    Alexander Ovtchinnikov

    Alexander Ovtchinnikov

    Senior Vice President, Components
    Show more

    IPG Photonics Office Locations

    IPG Photonics has offices in Singapore, Oxford, Moskva, Bristol and in 16 other locations
    Oxford, US (HQ)
    50 Old Webster Rd
    Birmingham, US
    l108 1500 1st Ave N
    Manchester, US
    220 Hackett Hill Rd
    Mountain View, US
    a 110 Pioneer Way
    Novi, US
    46695 Magellan Dr
    Santa Clara, US
    103 3930 Freedom Cir
    Show all (20)
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    IPG Photonics Financials and Metrics

    IPG Photonics Financials

    IPG Photonics's revenue was reported to be $1.41 b in FY, 2017
    USD

    Revenue (Q1, 2018)

    		359.9 m

    Gross profit (Q1, 2018)

    		203.4 m

    Gross profit margin (Q1, 2018), %

    		56.5%

    Net income (Q1, 2018)

    		106.3 m

    EBIT (Q1, 2018)

    		141.1 m

    Market capitalization (22-Jun-2018)

    		12.6 b

    Closing share price (22-Jun-2018)

    		234.3

    Cash (31-Mar-2018)

    		969.1 m

    EV

    		11.7 b
    IPG Photonics's current market capitalization is $12.6 b.
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		769.8 m901.3 m1 b1.4 b

    Revenue growth, %

    		19%17%12%

    Cost of goods sold

    		409.4 m453.9 m612 m

    Gross profit

    		491.9 m552.2 m796.9 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Revenue

    		235.1 m243.5 m207.2 m252.8 m266 m285.8 m369.4 m359.9 m

    Cost of goods sold

    		106.4 m110.2 m92.8 m115.1 m121.2 m128.6 m163.1 m156.5 m

    Gross profit

    		128.7 m133.3 m114.4 m137.7 m144.8 m157.3 m206.3 m203.4 m

    Gross profit Margin, %

    		55%55%55%54%54%55%56%57%
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		448.8 m522.2 m582.5 m623.9 m909.9 m

    Accounts Receivable

    		103.8 m143.1 m150.5 m155.9 m237.3 m

    Inventories

    		172.7 m171 m203.7 m239 m307.7 m

    Current Assets

    		786.3 m893.8 m1.1 b1.3 b1.8 b
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Cash

    		398.4 m480.6 m483.4 m487.5 m541.5 m571.5 m651.2 m613.7 m587.3 m645.6 m697.8 m808.1 m969.1 m

    Accounts Receivable

    		120.6 m107.6 m124.1 m136.6 m149.8 m169.8 m154.8 m146.5 m151.5 m162.7 m180.2 m237.3 m235.5 m

    Inventories

    		171.3 m170.6 m178.9 m179.5 m174.1 m190.8 m197.6 m226.9 m241.3 m242.4 m261.9 m260.7 m356.4 m

    Current Assets

    		749.2 m825.1 m854.1 m863.3 m931 m1 b1.1 b1.2 b1.2 b1.3 b1.4 b1.5 b1.9 b
    show all
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Net Income

    		155.8 m200.4 m242 m260.7 m347.6 m

    Depreciation and Amortization

    		31.5 m35.6 m42.4 m51.5 m64.6 m

    Inventories

    		(50 m)(42 m)(71 m)(53.6 m)(71.1 m)

    Accounts Payable

    		974 k3.3 m9.8 m(407 k)2.3 m
    Quarterly
    USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

    Net Income

    		119.2 m40.5 m88.8 m144 m57.3 m118.6 m181.3 m49.3 m116.4 m185.6 m74.9 m179 m106.3 m

    Depreciation and Amortization

    		23.4 m8.1 m17.1 m26.4 m9.7 m20.2 m31.1 m11.4 m23.7 m37.6 m14.5 m29.7 m19.2 m

    Inventories

    		(43.7 m)(3.9 m)(15 m)(30.2 m)(13.9 m)(33.2 m)(52.2 m)(19.4 m)(34.7 m)(42.8 m)(22.4 m)(25.8 m)(49.7 m)

    Accounts Payable

    		(2 m)516 k(2.7 m)1.3 m(1.2 m)4.4 m4.5 m(6.7 m)(8.4 m)(9.8 m)(1.6 m)1.9 m1.1 m
    show all
    USDY, 2018

    EV/EBIT

    		82.6 x

    EV/CFO

    		117 x
    Show all financial metrics

    IPG Photonics Operating Metrics

    IPG Photonics's Patent Applications was reported to be 380 in FY, 2016. IPG Photonics's Backlog was reported to be $413.9m in FY, 2016.
    FY, 2014FY, 2015FY, 2016

    Backlog

    		$321 m$442.50 m$413.90 m

    Countries

    		14 15 16

    Patent Applications

    		260 320 380

    Patents Issued

    		170 200 240
    Show all operating metrics

    IPG Photonics Revenue Breakdown

    Embed Graph

    IPG Photonics revenue breakdown by business segment: 93.6% from Materials Processing and 6.4% from Other

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    Competitors

    Cerinnov group
    Manufacturing & Industrial - Public
    SLM Solutions
    Manufacturing & Industrial - Public
    Schmitt Industries
    Manufacturing & Industrial - Public
    Cascade Technologies
    Manufacturing & Industrial - Subsidiary
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    IPG Photonics Online and Social Media Presence

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    IPG Photonics News and Updates

    May 01, 2018

    IPG Photonics (IPGP) Q1 2018 Results - Earnings Call Transcript

    April 04, 2018

    Laser Welding Machine Market 2018-2023 Ongoing Trend | Growing at Remarkable CAGR of 5% with Emerson Electric Company, IPG Photonics, O.R. Lasertechnologie, TRUMPF Group

    Global Laser welding machine market Information by Technology (Fiber Laser Welding Machine, Co₂ Laser Welding Machine and Solid-State Laser Welding Machine), By Application (Medical, Electronics, Jewelry industry, Automotive, Tool and mold-making and Others) And Region - Forecast To 2023 Posted via …
    July 12, 2017

    GGC sells ILT to IPG Photonics Corp for $40 ml

    Generation Growth Capital has sold Innovative Laser Technologies Inc to IPG Photonics Corporation for $40 million in cash. Imperial Capital provided financial advice to ILT on the transaction. Based in Minneapolis, ILT is a maker of of laser-based systems used to produce components mostly for the me…
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